MTECHTIPS MCX GOLD INTRADAY trading tips 23-02-2017

Wednesday, February 22, 2017 23:29

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MTECHTIPS MCX GOLD INTRADAY trading tips 23-02-2017

MTECHTIPS MCX Gold is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The Gold is now trading in overbought level. The oscillator is showing BUY signal For short term Gold is in HOLD LONG position.Positionally Support for the Gold is 29085-29067-28856-28687-28312-28194-. Immediate resistance for Gold is 29603

Short term and Intraday Level of GOLD

Currently Gold is in HOLD SHORT position The Gold is in downtrend For short term buy only if close above 29333.0 The oscillator is showing SELL signal